ICYMI: Yellen spoke Wednesday: lowering CPI a ‘top priority’ & supports crypto regulation | Forexlive

US Treasury Secretary Yellen spoke in a wide-ranging interview with CNBC on Wednesday.

You can find the full transcript here.

Some of the highlights:

• Says I see a path to bringing down inflation while maintaining strong
  labor market
• Seeing some signs of
  easing in labor market
• We’ll continue to
  see economic progress over the next two years in bringing inflation
  down
• Treasury continues
  to be able to pay all of America’s bills
• US now very focused
  on investing in America
• Bringing inflation
  down is a top priority
• Treasury expects
  cash pile to be around $425b at the end of June
• I do think there
  will be issues with commercial real estate
• Would not surprise
  me to see some bank consolidation
• Supports US
  regulatory oversight over crypto to protect consumers, investors
• Additional crypto
  regulation would be appropriate, will work with Congress to see
  additional legislation passed

Some cross-current in here comments on inflation, the S&P and NQ took the hawkish line (helped along by the Bank of Canada hiking rates?):

• Tending dovish: Seeing some signs of easing in labor market

• Tending hawkish: Bringing inflation down is a top priority